Civitas Solutions (CIVI) Misses Q4 EPS by 12c

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Go back to Civitas Solutions (CIVI) Misses Q4 EPS by 12c

Civitas Solutions Reports Fiscal 2016 Fourth Quarter and Full Year Financial Results

December 14, 2016 4:16 PM EST

BOSTON--(BUSINESS WIRE)-- Civitas Solutions, Inc. (NYSE: CIVI) today reported financial results for the fiscal fourth quarter and full year ended September 30, 2016.

Fourth Quarter and Full Year Fiscal 2016 Highlights

Fourth quarter net revenue increased 3.1% to $362.2 million; excluding at-risk youth ("ARY") divested operations, fourth quarter net revenue increased by 6.3% Fourth quarter net income was $2.7 million, compared to net income of $4.3 million in the fourth quarter of fiscal 2015 Fourth quarter Adjusted EBITDA increased 12.5% to $42.6 million Fiscal 2016 net revenue increased 3.0% to $1,407.6 million; excluding at-risk youth ("ARY")... More